(Reuters) -A technical glitch affecting the dissemination of market data for the S&P and Dow Jones indexes for more than an hour on Thursday has been resolved, S&P Dow Jones Indices said. Trading continued normally with the benchmark S&P 500 index and the Dow Jones Industrial Average down 0.2% and 0.7%, respectively. S&P Dow Jones …
S&P says issue affecting market data for S&P, Dow Jones indexes resolved Read More »
By Michael S. Derby NEW YORK (Reuters) -New York Federal Reserve President John Williams said on Thursday the U.S. central bank has monetary policy in the right place to get inflation get back to 2%, while reiterating that he’s unsure when it will be able to cut interest rates. “The behavior of the economy over …
Fed’s Williams says monetary policy well positioned to lower inflation Read More »
WASHINGTON (Reuters) – U.S. Federal Reserve officials are “trying to wrap their head around” whether further improvement in inflation will require higher unemployment, with less help coming from improved supply chains and other forces that can lower price pressures on their own, Chicago Fed President Austan Goolsbee said on Thursday. “What everybody is trying to …
Fed’s Goolsbee says inflation could still fall without rising unemployment Read More »
By Simon Johnson STOCKHOLM (Reuters) -While much of Europe faces tough choices about how to cut budgets to bring down soaring debt, thrifty Sweden has a more enviable dilemma: how to use its strong public finances to face up to the mounting challenges ahead. Decades of prudence have left Sweden with public finances the envy …
As Europe struggles to cut debt, Sweden eyes more spending Read More »
KUALA LUMPUR (Reuters) – Malaysia’s government will allow all vessels conducting repairs on undersea cables to carry out work in its waters from June 1, after it had said earlier this year it would reinstate the permissions it had suspended in 2020. All cable-laying ships engaged in the installation, maintenance and repair of undersea cables …
Malaysia waives rules for ships working on undersea cables from June 1 Read More »
By Harry Robertson LONDON (Reuters) – Global bond markets face the biggest amount of net sovereign issuance so far this year in June, just as economic data throws rate cuts into doubt, testing investors’ so-far strong appetite for the debt. Net government bond supply is likely to rise to $340 billion for the United States, …
Analysis-Biggest month of bond supply to test markets as rate cut bets fade Read More »
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s government on Thursday outlined a soft economy, rising unemployment and a weaker balance sheet as it delivered modest tax relief but lowered new spending and faced criticism for neglecting the country’s Indigenous population. “This budget won’t fix all of New Zealand’s economic challenges on its own and …
New Zealand govt delivers modest tax relief and lower spending as economy struggles Read More »
BANGKOK (Reuters) – Thailand’s manufacturing production index unexpectedly rose 3.43% in April from a year earlier, increasing for the first time in 19 months, helped by higher exports and tourism, the industry ministry said on Thursday. The figure compared with a forecast of a 1.1% year-on-year fall for April in a Reuters poll, and followed …
Thai April factory output unexpectedly rises for first time in 19 months Read More »
By Michael S. Derby NEW YORK (Reuters) -Former high-ranking Goldman Sachs executive Beth Hammack will become the next president of the Federal Reserve Bank of Cleveland, the regional bank said on Wednesday. Hammack, 52, was until earlier this year co-head of global financing at the investment bank, where she also served on its management committee. …
Cleveland Fed taps former Goldman executive Hammack for president’s job Read More »
By Lindsay Dunsmuir (Reuters) -U.S. economic activity continued to expand from early April through mid-May but firms grew more downbeat about the future amid weakening consumer demand while inflation continued to increase at a modest pace, a U.S. Federal Reserve survey showed on Wednesday, as central bankers mull how long they will need to keep …
US firms grow more pessimistic on economic outlook, Fed survey shows Read More »
